JetBlue operating revenue up 18.9% in 1Q2012

JetBlue operating revenue up 18.9% - financial highlights for the three months ended Mar-2012:

• Operating revenue: USD1203 million, +18.9% year-on-year;
• Operating costs: USD1114 million, +15.2%;
  • Fuel: USD433 million, +22.7%;
  • Labor: USD255 million, +8.5%;
• Operating income: USD89 million, +97.4%;
• Net income/loss: USD30 million, compared to a net income of USD3.0 million in p-c-p;
• Passenger numbers: 6.9 million, +13.5%;
• Passenger yield: USD13.86 cents, +5.9%;
• Operating cost per ASM: USD11.69 cents, +2.8%;
• Passenger load factor: 82.9%, +1.5 ppts;
• Capacity growth forecast:
  • 2Q2012: +4.0% to +6.0%;
  • 2012: +6.0% to +8.0%. [more - original PR]

JetBlue: "For the second quarter of 2012, CASM is expected to increase between 4.0% and 6.0% percent over the year-ago period. Excluding fuel, CASM in the second quarter is expected to increase between 6.5% and 8.5% year over year. JetBlue expects nearly two thirds of this year over year increase to be driven by maintenance expense. CASM for the full year is expected to increase between 3.5% and 5.5% over full year 2011. Excluding fuel, CASM in 2012 is expected to increase between 3.0% and 5.0% year over year." Source: Company statement, 26-Apr-2012.